No It's exactly the opposite. I don't have trust in people, in general, that means I don't want to give totalitarian control to a few "elected" individuals that will have total control over you.
The more decentralized the power, the better, and so far only capitalism can decentralize the wealth through competition, and may the best person win. In fact everyone wins, proportional to their value.
Centralized control is the worst possible thing you can imagine, regardless of political beliefs.